Hi All,
Just wondering if anybody has experienced or can shed light on possible solutions to my prob:
Situation:
Owners Corp has decided to carry out fascade work on our building.
Cost of $10K in the form of special levy along with taking money out of the sinking fund.
We are the only owner occupiers in the block of 6.
Voting at the extraordinary meeting has occured, with 3 votes to 1 for the works.
Our dilemma:
1 ) From our quotes and inspection of licensed builders, they all said it was not necessary for the works to be carried out.
2) We simply can not fork out $10k in cash for the strata works.
3) We do not want to be forced to sell
4) We've pleaded our case with the other owners, and the strata manager has been of no help at all either.
5) Is there anyway the $10K strata levy be a tax deduction?
Any advice or comments most welcome.
Just wondering if anybody has experienced or can shed light on possible solutions to my prob:
Situation:
Owners Corp has decided to carry out fascade work on our building.
Cost of $10K in the form of special levy along with taking money out of the sinking fund.
We are the only owner occupiers in the block of 6.
Voting at the extraordinary meeting has occured, with 3 votes to 1 for the works.
Our dilemma:
1 ) From our quotes and inspection of licensed builders, they all said it was not necessary for the works to be carried out.
2) We simply can not fork out $10k in cash for the strata works.
3) We do not want to be forced to sell
4) We've pleaded our case with the other owners, and the strata manager has been of no help at all either.
5) Is there anyway the $10K strata levy be a tax deduction?
Any advice or comments most welcome.